It is high time for our country to have enough cheap power supply. It is high time for our country to go nuclear.
Our notoriously world-class prohibitive price of electricity does not only discourage foreign investors to put shop here, but even punishes you (yes, you drooling reader) and me.
Just take for instance a poultry product.
A chicken raiser has to buy a day old chick for P25 to P38 for him to take care for months before he sells it to the market.
This is expensive compared to other countries where poultry raisers enjoy government subsidy and tax exemption.
This is expensive in the Philippine because an egg is heated through an electric consuming powered incubator.
Consequently, a kilo of dressed chicken in the market today cost P120 while a smuggled one cost P80 only.
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The Philippines is number 6 in the world with the most expensive electricity, thus a significant portion of the income of the majority Filipino households goes to their power bill.
The reason for this is that although we consume only 40 percent of the power produced by Napocor (that supervised those Independent Power Producers (IPPs) like SRMD), we are obliged to pay the 60 percent power surplus.
Congress should amend this stupid contract concluded by our government with the IPPs years ago...